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Tata Motors unit transfers defence business worth Rs 625 crore to TASL

Tata Motors on Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited (TAL) to sister concern Tata Advanced Systems Limited (TASL) for Rs 625 crore for the aerospace business. Tata Motors also acquired the non-aerospace business from TAL for Rs 10 lakh. TASL is wholly owned subsidiary of Tata Sons and is the strategic arm of the Tata Group.

Read More at CNBC TV18 News date : 1 Apr 2019, Monday

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